

| Subject: | Re: Would you buy this salvage title Vanagon? |
| From: | Bill Glenn |
| Date: | Fri, 15 Apr 2011 13:56:51 -0400 |
On Fri, 15 Apr 2011 09:22:45 -0700, BenT Syncro <syncro@GMAIL.COM> wrote: ...Would you devalue to buy such a thing because of the resulting salvage title... Ben, Rules vary from state to state, but I have encountered the requirement that if repaired rather than scrapped, a vehicle carring a salvage title must be inspected for completeness of repairs to insure road worthiness prior to registration. I have been told that his can be a rather thorough inspection, such that things that could normally be mutually ignored by the seller and buyer of a used car, might have to be repaired (a cracked windshield or a slightly damaged body panel comes to mind). Further, for a vehicle that carries a salvage title, many if not most insurance companies will only offer liability insurance, even if the vehicle has been fully repaired. I think the view is that if the previous damage was sufficent enough to warrant a salvage title, the insurance companies do not want anything to do with possible future repairs, perhaps because repairs could be complicated by the previous repair work. I know you said the vehicle in question has not been in a collision, but an insurance company will likely not being inspecting your van, but will go by what the title says. And that's the very purpose of a salvage title, to put others on notice that some major event has taken place that may well compromise the integrity of the vehicle (think flood-damaged cars being cleaned up and resold to unsuspecting buyers). To save the van you must add value in carrying out the repairs, and a buyer who wishes to insure that value against possible loss will likely pass on the purchase if he cannot do so. For these reasons, a vehicle carrying a salvage title generally appeals to few buyers, and intrinsically carries a lower value as a result. Bill
Have something to add on this topic today? Revive this thread in the forum »